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valuation account

This is an account with dual purposes to be used for expenses related to receivables and depreciation.

Related information about valuation account:
  1. What is valuation account? definition and meaning
    Definition of valuation account: Reserve account created to offset changes in the value of a firm's assets. Examples are accumulated depreciation and allowance ...
     
  2. valuation account - The Free Dictionary
    Noun, 1. valuation account - a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets. allowance ...
     
  3. What is a valuation account? | AccountingCoach.com Q&A
    In accounting, a valuation account is usually a balance sheet account that is used in combination with another balance sheet account in order to report the.
     
  4. valuation account definition | AccountingCoach.com
    To determine what something is worth. For example, the account Allowance for Doubtful Accounts is used with Accounts Receivable.
     
  5. Valuation Account: Definition from Answers.com
    Item offset against or added to the gross amount of an account to arrive at a net balance. Examples are the allowance account that is subtracted from trading.
     
  6. Accounting Principles II: Balance Sheet: Classification, Valuation
    In recording the gains and losses on trading securities, a valuation account is used to ... The valuation account is used to adjust the value in the trading securities ...
     
  7. Valuation account | Define Valuation account at Dictionary.com
    valuation account. noun. a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets [syn: valuation ...
     
  8. Valuation account - Accounting Dictionary | Simplestudies.com
    Valuation account is a contra (adjunct) account. A valuation account offsets the gross amount of an account to arrive at a net balance. Ex...